Wednesday 8 July 2015
 
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UAE crude oil exports to fall in Q4 on refining boost

The United Arab Emirates’ (UAE) crude oil exports are expected to fall in the fourth quarter of 2015 as the Gulf Opec member upgrades its Ruwais refinery and processes more oil to feed rising domestic demand, industry and trading sources

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UAE crude oil exports to fall in Q4 on refining boost

The United Arab Emirates’ (UAE) crude oil exports are expected to fall in the fourth quarter of 2015 as the Gulf Opec member upgrades its Ruwais refinery and processes more oil to feed rising domestic demand, industry and trading sources

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Opec oil output hits 3-year high on Iraq

Opec oil supply in June has climbed to a three-year high due to record or near-record output from Iraq and Saudi Arabia, a Reuters survey found, underlining the focus of the group's top exporters on market share. The boost fro

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Opec exports fall below $1 trillion on oil prices slump

The value of Opec members' petroleum exports fell below $1 trillion in 2014 for the first time since 2010, according to its annual statistical report, illustrating the impact of last year's slump in oil prices on the producer group.

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End oil export ban, or face competition from Iran:US senator

If the United States does not lift its 40-year ban on crude exports, Iran could soon be competing in global markets that would be mostly shut to US oil companies, a report prepared for the head of the Senate energy committee said.

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Saudi Arabia's crude oil exports slip in April

Saudi Arabia’s April crude exports fell by 161,000 barrels per day (bpd) as domestic refiners processed more crude, official data showed.   Exports fell to 7.737 mbpd from 7.898 million in March when they h

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Iran, Russia set to launch oil-for-goods exports

Russia will begin importing Iranian oil under a long-heralded oil-for-goods barter arrangement in the coming week, Iran's oil minister was quoted as saying, more than a year after negotiations began. The Kremlin announced in A

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Iraq sees 100,000-bpd export boost from Basra Heavy oil

Iraq's oil exports, already running at record highs, may rise a further 100,000 barrels per day (bpd) this month thanks to the launch of a new Basra Heavy crude grade, oil minister Adel Abdel Mahdi said.   He

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Iraq's May oil exports rise to record average 3.145 mbpd

Oil exports from Iraq rose to a record average of 3.145 million barrels per day (mbpd) in May from 3.08 million the previous month, the oil ministry said.   A record 2.694 mbpd were exported from the southern Bas

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Saudi March crude exports hit 7.89mbpd, highest in years

Saudi Arabia's crude exports rose in March to their highest in almost a decade, official data showed on Monday, a sign of unexpectedly strong global demand as the top oil exporter revved up its output to the loftiest rate on record.

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